Federal Government, States and Local Government share N619.343 billion as federation allocation for December 2020
The Federal Government, States and Local Government Councils have shared N619.343 billion as federation allocation for December, 2020.
Director of Information, Ministry of Finance, Budget and National Planning, Hassan Dodo, announced this in Abuja.
Dodo said the allocation was released after a virtual conference of the Federation Accounts Allocation Committee (FAAC).
The committee, in its communique, noted that N619.343 shared included cost of collection to Nigeria Customs Service, Department of Petroleum Resources and the Federal Inland Revenue Service. It also said that the federal government received N218.297 billion, the states received N178.280 billion, while local governments got N131.792 billion.
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